CIRCOR International shares are trading higher after the company announced an agreement to be acquire by KKR for $49 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
CIRCOR International's shares are trading higher after announcing an agreement to be acquired by KKR for $49 per share in cash.
June 05, 2023 | 11:49 am
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POSITIVE IMPACT
CIRCOR International's stock price is likely to increase in the short term due to the acquisition agreement with KKR at $49 per share.
The acquisition agreement with KKR at $49 per share is a positive development for CIRCOR International, as it indicates a premium on the current stock price. This news is likely to drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
KKR's stock price may experience a short-term impact due to the acquisition agreement with CIRCOR International at $49 per share.
The acquisition agreement with CIRCOR International may have a short-term impact on KKR's stock price, as investors assess the potential benefits and risks of the deal. However, the overall impact on KKR's stock price is uncertain at this time.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80